German companies face stiff competition from China in more and more markets. Market shares are shrinking for Germany’s three largest industries.
Economics
Ashoka Mody: Italy will need a precautionary bailout — a ‘financial firewall’ — as coronavirus pushes it to the brink
Italy’s crisis could soon become unmanageable, potentially causing mayhem in world financial markets Read here
Climate Crisis
DeSmog UK: Emissions From Burning Oil ‘Not Relevant’ to North Sea BP Permit, Says UK Government
Greenpeace has taken the Department for Business, Energy and Industrial Strategy to court over the Vorlich oilfield permit granted to the oil company in 2018. Read here
Austerity
Bill Mitchell: We can do something about neoliberalism
Bill Mitchell covers three topics rather succinctly in this blog: Democratic deficit in the EU, Greece and its newest catastrophic deal with Germany/EU, and the surprise Democrat primary results in New York yesterday. Read here
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